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Summitly's news desk covers the Ontario housing market: monthly board figures, Bank of Canada rate decisions, and plain-English advice for buyers, sellers, renters and agents. Board and government figures link to the release they came from.
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FeaturedFor Agents
A warm lead reached out to you first. A cold lead didn't. Here is what that changes for your first call, your follow-up, the rules you follow in Ontario, and where your time goes.
September 28, 2026Summitly Editorial4 min read
For Agents
When one lead goes to several agents, the first call wins and everyone else chases. Here is how shared and exclusive leads differ, what that does to your follow-up, and the questions to ask any lead source.
September 28, 2026Summitly Editorial4 min read
For Agents
A practical plan for the first day with a new buyer lead in Ontario: what to do in the first few minutes, a simple call script, the text and email to send, and how to book the next step.
September 28, 2026Summitly Editorial4 min read
For Agents
A 50/50 split on brokerage leads sounds like a lot to give up. Here is the simple math, what the brokerage's half pays for, and how leads fit next to your own business on Package A or B.
September 28, 2026Summitly Editorial4 min read
Market Updates
The Bank of Canada held its overnight rate at 2.25% on June 10, 2026, a fifth consecutive hold, as energy prices pushed inflation up and growth stayed soft. It held again in July and September. What it means for GTA mortgage rates, buyers and sellers.
June 10, 2026Summitly Editorial3 min read
Market Updates
Our preview, written June 6, 2026, of the Bank of Canada's June 10 decision, with the outcome: the Bank held at 2.25%, as it did again in July and September. What the decision meant for GTA buyers, sellers and mortgage holders.
June 6, 2026Summitly Editorial3 min read
Financing
For most first-time buyers the FHSA comes first: deductible going in, tax-free coming out, nothing to repay. The RRSP Home Buyers' Plan adds up to $60,000 more, but it is a loan you repay over 15 years. Here is how to choose and how to use both.
June 1, 2026Summitly Editorial4 min read
Market Updates
Toronto's Vacant Home Tax is 3% of a vacant home's assessed value (since the 2024 tax year). Every owner must declare by April 30 or be deemed vacant. Here's who pays, the exemptions, and how Ottawa and Hamilton compare.
June 1, 2026Summitly Editorial3 min read
Buying
Ontario's NRST is 25% on residential purchases by foreign nationals, foreign corporations and taxable trustees, anywhere in the province. Toronto adds 10%. Here are the exemptions, the permanent-resident rebate, and how the federal ban fits in.
June 1, 2026Summitly Editorial3 min read
Buying
Since December 1, 2023, Ontario real estate is governed by TRESA. Buyers get a written representation agreement before they offer, the RECO Information Guide, a clear choice between being a client or self-represented, and new rules on competing offers.
June 1, 2026Summitly Editorial4 min read
Financing
Lenders must qualify you at the greater of 5.25% or your contract rate plus 2 points. Here's how the test works, what it does to your budget, and when it doesn't apply at renewal.
June 1, 2026Summitly Editorial3 min read
This month's numbers: Toronto
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Guides
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Need more than the headlines?
Zara, Summitly's virtual agent, explains what the market did this week for your address, your budget or your question — and a licensed Coldwell Banker Summit Realty agent is a call away.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
